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MG IMMO: what changed

Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.

What changed

MG IMMO

BE 0748.522.373
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2,804
2024 · -€642-€2,162
Equity
-€13,499
2024 · -€10,695-€2,804
Cash
€697
2024 · €40+€657
Balance sheet total
€130,280
2024 · €108,905+€21,375

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€20,718

    up €20,718 (+19.0%), from €108,865 to €129,583

    of which Land and buildings: +€21,141

Equity and liabilities
  • Other debts +€13,540

    up €13,540 (+11.8%), from €114,760 to €128,300

  • Trade debts +€10,639

    up €10,639 (+219.8%), from €4,840 to €15,479

  • Profit (loss) carried forward -€2,804

    down €2,804 (-9.1%), from -€30,695 to -€33,499

Income statement
  • Gross operating margin -€1,948

    down €1,948 (-503.0%), from -€387 to -€2,336

  • Purchases and services +€1,948

    up €1,948 (+503.0%), from €387 to €2,336

  • Depreciation +€213

    up €213 (+101.6%), from €210 to €424

From the 2024 result to the 2025 result

effect on the result

Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.

Result 2024 -€642
Gross operating margin -€1,948
Depreciation -€213
Result 2025 -€2,804

Cash bridge derived

cash 2024 to 2025

Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations +€21,798
Investment -€21,141
Financing €0
Cash 2024 €40
Net result for the year -€2,804
Depreciation +€424
Trade debts +€10,639
Other debts +€13,540
Investment in fixed assets (net) -€21,141
Cash 2025 €697
Every line side by side 27 lines
Line Code 2024 2025 Change %
Total assets 20/58 €108,905 €130,280 +€21,375 +19.6%
Fixed assets 21/28 €108,865 €129,583 +€20,718 +19.0%
Tangible fixed assets 22/27 €108,865 €129,583 +€20,718 +19.0%
Land and buildings 22 €104,835 €125,976 +€21,141 +20.2%
Plant, machinery and equipment 23 €4,030 €3,607 -€424 -10.5%
Current assets 29/58 €40 €697 +€657 +1644.8%
Cash at bank and in hand 54/58 €40 €697 +€657 +1644.8%
Total equity and liabilities 10/49 €108,905 €130,280 +€21,375 +19.6%
Equity 10/15 -€10,695 -€13,499 -€2,804 -26.2%
Contributions 10/11 €20,000 €20,000 = 0.0%
Capital 10 €20,000 €20,000 = 0.0%
Issued capital 100 €20,000 €20,000 = 0.0%
Profit (loss) carried forward 14 -€30,695 -€33,499 -€2,804 -9.1%
Amounts payable 17/49 €119,600 €143,779 +€24,179 +20.2%
Amounts payable within one year 42/48 €119,600 €143,779 +€24,179 +20.2%
Trade debts 44 €4,840 €15,479 +€10,639 +219.8%
Suppliers 440/4 €4,840 €15,479 +€10,639 +219.8%
Other amounts payable 47/48 €114,760 €128,300 +€13,540 +11.8%
Goods, raw materials, services and sundry goods 60/61 €387 €2,336 +€1,948 +503.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €210 €424 +€213 +101.6%
Gross operating margin 9900 -€387 -€2,336 -€1,948 -503.0%
Operating profit (loss) 9901 -€597 -€2,759 -€2,162 -361.8%
Financial charges 65/66B €45 €45 = 0.0%
Recurring financial charges 65 €45 €45 = 0.0%
Profit (loss) for the period before taxes 9903 -€642 -€2,804 -€2,162 -336.5%
Profit (loss) for the period 9904 -€642 -€2,804 -€2,162 -336.5%
Profit (loss) for the period to be appropriated 9905 -€642 -€2,804 -€2,162 -336.5%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.